I was missing in action for the latter half of last week. Although I did squeeze in a couple blog posts; I was unable to trade anything for the most part and remained in cash after getting stopped out of $SPW on Wednesday. I wanted to get long $BCRX last week but because my full attention was not really on the markets; I passed on it.
Well I didn't make the same mistake today and hopped in at $1.96. The stock has formed a very sweet consolidation and now looks poised to explode higher. If I do get that break out I'm looking for; I'll be scaling out of all or most of it before next week as it reports earnings next Tuesday.
Here are my best ideas for tomorrow: